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Focus Back on Key DMAs *RES 4:....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Focus Back on Key DMAs
*RES 4: 3687.29 2018 High Jan 23 
*RES 3: 3674.50 High Jan 24 
*RES 2: 3659.33 High Jan 25 
*RES 1: 3636.05 Low Jan 29 now resistance
*PREVIOUS CLOSE: 3606.75
*SUP 1: 3588.16 100-DMA 
*SUP 2: 3584.24 55-DMA 
*SUP 3: 3533.66 200-DMA 
*SUP 4: 3520.84 Low Jan 4
*COMMENTARY: Having failed to trouble 2017 highs on the recovery from 2018 lows
the index is again looking a little offered following the close below the 21-DMA
(3612.30). Focus returns to key DMAs with bears needing a close below the
200-DMA to add weight to the case for a move lower targeting 2018 lows. Bulls
now need a close above 3636.05 to gain breathing room and above 2018 highs to
initially test 2017 highs.

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